Is USDC still stable?

I've been hearing some rumors lately about the stability of USDC. Given the volatile nature of the crypto market, I'm starting to wonder if USDC can still be trusted as a stablecoin. After all, it's supposed to maintain a peg to the US dollar, but with all the ups and downs we've seen recently, can we really rely on that? I'm not an expert in this field, so I'm hoping you can shed some light on this for me. Is USDC still considered a stable investment option, or should I be looking for alternatives? I'd really appreciate your insights on this matter.